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Two Top Hyperliquid Traders Held $1.06 Billion in Shorts
As of 04:40 UTC on Nov. 2, two leading monthly profit accounts on Hyperliquid held about $1.06 billion in combined shorts.
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- As of 04:40 UTC on Nov. 2, two leading monthly profit accounts on Hyperliquid held about $1.06 billion in combined shorts.
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openai.comCreate a landscape editorial hero image for this Studio Global article: As of Nov. 2, 2026, what did Hypurrscan account data and related reports reveal about the roughly $1.06 billion in combined bearish position. Article summary: The reports described a broad bearish bet: Hyperliquid’s two leading monthly profit accounts held approximately $1.06 billion in combined shorts across cryptocurrencies, precious metals and other assets, rather than a si. Topic tags: general, general web. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clic
A Nov. 2 snapshot of Hyperliquid account data put two of the platform’s leading monthly profit accounts at approximately $1.06 billion in combined short positions. The larger account held $617.5 million across 22 markets, while the second held about $439.4 million. The reported bets spanned crypto and other assets, but the figures describe these two accounts—not overall market positioning.1
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The larger account: $617.5 million across 22 markets
At about 04:40 UTC on Nov. 2, wallet 0x5b5d…c060 was identified as the top-ranked account, with $617.5 million in shorts and approximately $131.2 million in account equity. Reports put its overall leverage at roughly 4.7×.1
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Its largest reported position was an Ether short of about 97,460 ETH, valued at $224.5 million, with an average entry price of $2,322.72. The reported liquidation price was near $3,701—more than 60% above ETH’s prevailing price at the time of the report.6
The account also had $182.1 million in Bitcoin shorts and a $43.1 million HYPE short showing an unrealized loss of about $8.34 million. One report said the trader added roughly $700,000 to the HYPE short within a 32-minute period.1
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The second account and the combined total
Reports put the second account’s short exposure at approximately $439.4 million, bringing the pair’s reported total to about $1.057 billion, or roughly $1.06 billion when rounded. One account summary described its positions across 30 markets; another reported a $142.7 million Bitcoin short and an unrealized HYPE loss of about $10.7 million.8
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The account figures are snapshots, not fixed holdings. Positions and unrealized gains or losses can change as prices move and traders adjust exposure.
What the short positioning does—and doesn’t—show
A short position generally gains value when the underlying asset’s price falls and loses value when it rises, before considering costs and other position details.2 So the reported exposure was consistent with a bearish stance across the listed markets. It does not, by itself, establish that prices would fall or that the traders would ultimately profit.
A rally would create risk for short sellers. If traders buy back positions to limit losses, those purchases can add to upward price pressure—a dynamic often called a short squeeze. But the reported positions alone do not show that a squeeze was underway or would occur.
The reported Ether liquidation level was substantially above ETH’s prevailing price at the time, but that single position’s level does not establish how either trader’s full portfolio would behave in a rally.6 The broader takeaway is narrower: two high-ranking Hyperliquid accounts had sizeable, diversified bearish exposure in this snapshot, while the available figures do not establish the positioning of the derivatives market as a whole.
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As of 04:40 UTC on Nov. 2, two leading monthly profit accounts on Hyperliquid held about $1.06 billion in combined shorts.
Sources
odaily.news$1.06 Billion in Short Positions: Hyperliquid's Two Most Profitable Traders This Month Are Betting on a Crypto Asset Decline
binance.comHyperliquid's Top Two Monthly Traders Hold $1.06 Billion in ...
cryptodaily.co.ukHyperliquid Price Rejection Could Set Up a Bullish Breakout as Whales Short